Lookout raises $150 million in financing

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Mobile security vendor Lookout has raised $150 million from a group of prominent investors to grow its security platform out to large enterprises.

The company's Whole Population Security Analytics process uses a predictive model to identify and thwart malicious activity before it has an effect on a company or individual. 

Lookout has more than 50 million users, all consumers, to date and has formed strategic relationships with many of the top mobile providers. The financing effort was led by T. Rowe Price Associates and includes investors Goldman Sachs, Morgan Stanley Investment Management and others.

Lookout CEO Jim Dolce said in a press release that “with this new funding and our expanding footprint of consumer users, Lookout is best equipped to deliver the solutions large enterprises need to protect their businesses from increasingly sophisticated threats targeting mobile devices.”

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